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This section includes 1267 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 451. |
The first level of output at which the long run average cost are minimized is called ? |
| A. | The Minimum Efficient Scale |
| B. | The Minimum External Scale |
| C. | The Maximum External Scale |
| D. | The Maximum Effective Scale |
| Answer» B. The Minimum External Scale | |
| 452. |
The first European people to form a nation were is________________? |
| A. | Scots |
| B. | Picts |
| C. | Slavs |
| D. | English |
| Answer» E. | |
| 453. |
The first airplane was a (n)________________? |
| A. | discovery |
| B. | invention |
| C. | diffusion |
| D. | miracle |
| Answer» C. diffusion | |
| 454. |
The “feminization of poverty ” refers to________________? |
| A. | the fact that most men are rich |
| B. | an equal number of men and women being poor now |
| C. | the fact that female-headed households are usually poor |
| D. | the fact that women are more blessed than men in spite of poverty |
| Answer» D. the fact that women are more blessed than men in spite of poverty | |
| 455. |
The female role as a passive and domestic creature may be conditioned by_______________? |
| A. | children’s picture books |
| B. | stress on male sports in school |
| C. | TV ads showing women as domestics |
| D. | all of the above |
| Answer» E. | |
| 456. |
The federal system is contrasted with a (n)_______________? |
| A. | unitary system |
| B. | confederate system |
| C. | catholic system |
| D. | BOTH unitary and confederate systems |
| Answer» E. | |
| 457. |
The Federal Reserve Bank regulates the money supply by__________________? |
| A. | establishing minimum reserve requirements of member banks |
| B. | the discount rate it charges member banks |
| C. | buying and selling government securities |
| D. | all of the above |
| Answer» E. | |
| 458. |
The federal system has worked particularly well in_________________? |
| A. | large sized countries with regional differences |
| B. | small homogeneous countries |
| C. | small urban industrial countries |
| D. | large homogeneous single religion countries |
| Answer» B. small homogeneous countries | |
| 459. |
The federal government has increased its responsibilities at the local level because_____________? |
| A. | the states inefficiency |
| B. | the tenth amendment |
| C. | urban influence on the states |
| D. | excess state revenues |
| Answer» B. the tenth amendment | |
| 460. |
The favorable evaluation of presidents is based on______________? |
| A. | the caretaker role |
| B. | strict adherence to the written Constitution |
| C. | dynamic political leadership |
| D. | the teflon principle |
| Answer» D. the teflon principle | |
| 461. |
The family today influences_______________? |
| A. | production activities |
| B. | attitudes on politics |
| C. | hospitalization rates |
| D. | none of the above |
| Answer» C. hospitalization rates | |
| 462. |
The family is the prime example of a(n) ? |
| A. | Gesellschaft |
| B. | secondary group |
| C. | voluntary group |
| D. | primary group |
| Answer» E. | |
| 463. |
The family into which you were born is called_________________? |
| A. | my family |
| B. | the family of procreation |
| C. | the family of origin |
| D. | the family of orientation |
| Answer» E. | |
| 464. |
The family-and particularly marriage-binds its members through_______________? |
| A. | interfaith competition |
| B. | legal and economic bonds |
| C. | educational functions |
| D. | class conflict |
| Answer» C. educational functions | |
| 465. |
The failure of rising expectations is related to______________? |
| A. | a general rise in the standard of living for all segments of society |
| B. | a rapid decline in the standard of living |
| C. | false advertising and credit expansion |
| D. | dissatisfaction based on relative deprivation |
| Answer» E. | |
| 466. |
The failure of the League of Nation______________? |
| A. | occurred after President Wilson,s stroke |
| B. | was due to the Republican Senate,s opposition |
| C. | illustrated that national interest is more important than collective security or moral opposition to aggression |
| D. | was due to Marxism-Leninism |
| Answer» D. was due to Marxism-Leninism | |
| 467. |
The factory system_________________? |
| A. | was introduced when it became convenient to house both workers and machinery under one roof |
| B. | gave more power to the employers called entrepreneurs |
| C. | was an American invention popularized through cultural diffusion |
| D. | resulted from BOTH the convenience of housing workers and equipment together and gave more power to the entrepreneurs |
| Answer» E. | |
| 468. |
The factors influencing the political behavior of American voters include ? |
| A. | mass media |
| B. | socialization |
| C. | social class |
| D. | all of the above |
| Answer» E. | |
| 469. |
The fact that pizza is now a popular American food is due to________________? |
| A. | cultural lag |
| B. | technological innovation |
| C. | cultural diffusion |
| D. | sociocultural drift |
| Answer» D. sociocultural drift | |
| 470. |
The experience of loss or impending loss of a person to whom one is close is called______________? |
| A. | disengagement |
| B. | displacement |
| C. | bequeath Ent |
| D. | bereavement |
| Answer» E. | |
| 471. |
The expectations people have regarding how husbands and wives ought to behave are called marital______________? |
| A. | norms |
| B. | illusions |
| C. | orders |
| D. | scripts |
| Answer» E. | |
| 472. |
The exchange system is based on_______________? |
| A. | government reaction |
| B. | supply and demand |
| C. | lack of labor |
| D. | goods and service |
| Answer» C. lack of labor | |
| 473. |
The evaluation that a certain phenomenon is good beautiful moral right and therefore desirable is termed a_______________? |
| A. | norm |
| B. | guideline |
| C. | folkway |
| D. | value |
| Answer» E. | |
| 474. |
The ethnic groups among whom arranged marriages are common include______________? |
| A. | Indians (natives of India) |
| B. | Hasidic Jews |
| C. | Muslim |
| D. | All of the above |
| Answer» E. | |
| 475. |
The end of the Cold war_________________? |
| A. | raised new concerns about nuclear proliferation |
| B. | has shifted American policy toward cooperative internationalism |
| C. | created new possibilities for the world balance of power |
| D. | All of the above |
| Answer» E. | |
| 476. |
The emphasis on rural virtues__________________? |
| A. | has been reinforced by recent studies |
| B. | is based on stereotypes |
| C. | helped democratic representation in the states |
| D. | gave urban dwellers an inferiority complex |
| Answer» C. helped democratic representation in the states | |
| 477. |
The emergence of the self as a result of interaction with others is a common thread in ALL BUT ONE of the following theories ? |
| A. | Lookingglass self |
| B. | symbolic interactionism |
| C. | behaviorism |
| D. | developmental theory |
| Answer» D. developmental theory | |
| 478. |
The emergence of the sate as a result of a “social contract” is the hypothesis found in the work of________________? |
| A. | Talcott Parsons |
| B. | Thomas Hobbes |
| C. | Karl Marx |
| D. | Jean-Jacques Rousseau |
| Answer» C. Karl Marx | |
| 479. |
The elitist school of thought asserts that______________? |
| A. | the elite is not always against the masses |
| B. | the elite always works against the public interest |
| C. | the elite displays a monolithic power structure |
| D. | the masses should rebel against the elite |
| Answer» B. the elite always works against the public interest | |
| 480. |
The elderly are a minority because them________________? |
| A. | are a small percentage of the population? |
| B. | are physically weak |
| C. | lack power |
| D. | cannot defend themselves |
| Answer» D. cannot defend themselves | |
| 481. |
The ecosystem is__________________? |
| A. | the way inanimate objects are placed into the natural system |
| B. | a systematic application of the economy |
| C. | the way living things interact and interrelate with each other and their environments |
| D. | what Hobbes called the “state of nature” |
| Answer» D. what Hobbes called the “state of nature” | |
| 482. |
The economic participant who decides how to use the factors of production and for what purpose in called a________________? |
| A. | firm |
| B. | household |
| C. | market |
| D. | product |
| Answer» B. household | |
| 483. |
The earliest and least complex society was___________? |
| A. | agrarian |
| B. | pastoral |
| C. | hunting and gathering |
| D. | horticultural |
| Answer» D. horticultural | |
| 484. |
The double standard in the behavior of people in society is acknowledged by the existence of a(n)? |
| A. | overt and covert culture |
| B. | moral and immoral culture |
| C. | legal and illegal culture |
| D. | ethical and unethical culture |
| Answer» B. moral and immoral culture | |
| 485. |
The dominant group in a society is the one that is the_________________? |
| A. | most powerful |
| B. | subordinate |
| C. | largest |
| D. | oldest |
| Answer» B. subordinate | |
| 486. |
The discipline that studies such disparate subjects as the environment religion politics criminality organization and so on is______________? |
| A. | history |
| B. | sociology |
| C. | political science |
| D. | psychology |
| Answer» C. political science | |
| 487. |
The difficulty with fighting terrorism is that_________________? |
| A. | terrorists have no single ideology |
| B. | terrorism is a transnational problem |
| C. | terrorists have differing goals |
| D. | all of the above |
| Answer» D. all of the above | |
| 488. |
The differences in behavior between men and women______________? |
| A. | are due strictly to biology |
| B. | are due strictly to culture |
| C. | are due both to biology and culture |
| D. | are the product of totalitarian governments? |
| Answer» D. are the product of totalitarian governments? | |
| 489. |
The difference in the three most prevalent economic systems lies in how ? |
| A. | the people respect the government |
| B. | much the government interferes in the economy |
| C. | profits are made |
| D. | easy it is become rich |
| Answer» C. profits are made | |
| 490. |
The difference in attitudes of whites and African Americans is related to_______________? |
| A. | age |
| B. | social status |
| C. | social class |
| D. | none of these |
| Answer» B. social status | |
| 491. |
The difference between racial minorities and ethnic minorities is_______________? |
| A. | in the size of each group |
| B. | ethnic minorities do not suffer from discrimination but only from prejudice |
| C. | racial minorities differ biologically ethnic minorities differ culturally from the dominant group |
| D. | racial minorities have been here longer than ethnic minorities |
| Answer» D. racial minorities have been here longer than ethnic minorities | |
| 492. |
The difference between government and state is that________________? |
| A. | government is symbol state is the process |
| B. | government is a process that includes the people who exercise political power |
| C. | the state is an abstract symbol of the political institution |
| D. | government is a process and the state is an abstract symbol |
| Answer» E. | |
| 493. |
The difference between goes investment and net investment is ? |
| A. | Depreciation |
| B. | Acceleration |
| C. | Declaration |
| D. | Capital investment |
| Answer» D. Capital investment | |
| 494. |
The difference between an average worker’s salary and that of the average CEO has_______________? |
| A. | gradually narrowed |
| B. | remained stable |
| C. | slightly increased |
| D. | greatly increased |
| Answer» E. | |
| 495. |
The dialectic is based on_____________? |
| A. | two extreme positions giving rise to a middle position |
| B. | polarization forcing societies to split up |
| C. | conflicts between rich and poor countries |
| D. | imperialism being destroyed by capitalism |
| Answer» B. polarization forcing societies to split up | |
| 496. |
The development of modern culture is CHIEFLY dependent upon ? |
| A. | bifocalism |
| B. | upright posture |
| C. | grasping ability of the hand |
| D. | complex symbolic communication |
| Answer» E. | |
| 497. |
The desert and semi-arid regions of the Middle East are resource-poor except for_______________? |
| A. | dates |
| B. | oil |
| C. | uranium |
| D. | coal |
| Answer» C. uranium | |
| 498. |
The Department of Health and Human Services has summarized the “correct” mix of goods and services through ? |
| A. | “market basket of goods |
| B. | the consumer price index |
| C. | 165 social indicators |
| D. | the externalities index |
| Answer» D. the externalities index | |
| 499. |
The Democrats lost the presidential elections in 1984 and 1988 because of______________? |
| A. | split ticket voting |
| B. | huge political gaffes |
| C. | loss of direct contact with the electorate |
| D. | running the wrong candidates |
| Answer» E. | |
| 500. |
The democratic state is based on the social contract theories of Locke and Rousseau These theories maintain that ? |
| A. | people must obey the rulers at all times |
| B. | the rulers govern at the direction of God |
| C. | the people allow themselves to be governed for their own good |
| D. | a society cannot exist without authoritarian rulers |
| Answer» D. a society cannot exist without authoritarian rulers | |